A New Green Currency and the Advantage for Plantation Companies
By Chetan Joshi, RPJ Tea Founder
- Voluntary Carbon Markets (VCMs): Expanding fast as companies voluntarily seek offsets for their emissions. Plantations that practice afforestation, reforestation, or agroforestry are able to produce credits that are certified by prominent organizations like Verra (VCS), Gold Standard, or India’s own Indian Carbon Registry (ICR).
- State-Initiated Schemes: India is developing a formal carbon marketplace under the Bureau of Energy Efficiency (BEE), harmonizing carbon markets with national climate policy and making monetisation easier for participants.
- Technology Integration: Technologies such as satellite tracking, blockchain-based tracking, and AI-supported MRV (Measurement, Reporting, and Verification) are increasing transparency and credibility of carbon credits for investors.
- Carbon Credit Futures: Emerging exchanges for carbon credit futures will allow businesses to hedge against price volatility while managing climate risks.
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